In the case this really success here is my point of view.
Disadvantages for me:
-We will have a non competitive and destroyed online game community, imagine a COD match with lots of people using an aimbot, that really isn't fun at all. In general I'm talking about using hacks online.
-PSN will turn into a paid service, since mostly everyone will stop buying original discs, how will they keep the service?
Advantages for me:
-A possible drop in original dics.
-Be able to play every game without paying.
Giving a full control to the PS3 will be a terrible error. In what will this really end?. I don't think this will be a pure victory for the PS3 users.
Someone else wants to make another advantage and disadvantage list, or all will be just perfect?